Sarbit Advisory Services buys $63.2 Million stake in Skyworks Solutions Inc (SWKS)

Skyworks Solutions Inc (SWKS) : Sarbit Advisory Services scooped up 105,000 additional shares in Skyworks Solutions Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,041,000 shares of Skyworks Solutions Inc which is valued at $63.2 Million.Skyworks Solutions Inc makes up approximately 11.11% of Sarbit Advisory Services’s portfolio.

Other Hedge Funds, Including , Marshall Wace Llp boosted its stake in SWKS in the latest quarter, The investment management firm added 23,829 additional shares and now holds a total of 77,040 shares of Skyworks Solutions Inc which is valued at $4.7 Million. Skyworks Solutions Inc makes up approx 0.05% of Marshall Wace Llp’s portfolio.Mirae Asset Global Investments Ltd. reduced its stake in SWKS by selling 92 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 17,672 shares of SWKS which is valued at $1.1 Million. Skyworks Solutions Inc makes up approx 0.03% of Mirae Asset Global Investments Ltd.’s portfolio.Choate Investment Advisors reduced its stake in SWKS by selling 19,639 shares or 34.17% in the most recent quarter. The Hedge Fund company now holds 37,831 shares of SWKS which is valued at $2.4 Million. Skyworks Solutions Inc makes up approx 0.17% of Choate Investment Advisors’s portfolio. Tradewinds Capital Management sold out all of its stake in SWKS during the most recent quarter. The investment firm sold 40 shares of SWKS which is valued $2,585.

Skyworks Solutions Inc closed down -0.19 points or -0.29% at $66.27 with 23,89,482 shares getting traded on Wednesday. Post opening the session at $66.45, the shares hit an intraday low of $65.11 and an intraday high of $66.7849 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Skyworks Solutions Inc reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.24. The company had revenue of $775.10 million for the quarter, compared to analysts expectations of $775.49 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.

Many Wall Street Analysts have commented on Skyworks Solutions Inc. Skyworks Solutions Inc was Initiated by Credit Agricole to “Underperform” on May 25, 2016. Shares were Reiterated by Mizuho on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 99 from a previous price target of $105 .Shares were Reiterated by Cowen on Apr 29, 2016 to “Market Perform” and Lowered the Price Target to $ 76 from a previous price target of $78 .

Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The Company supports automotive broadband wireless infrastructure energy management Global Positioning System (GPS) industrial medical military wireless networking smartphone and tablet applications. The Company’s portfolio includes amplifiers attenuators circulators demodulators detectors diodes directional couplers front-end modules hybrids infrastructure radio frequency (RF) subsystems isolators lighting and display solutions mixers modulators optocouplers optoisolators phase shifters phase locked loops (PLLs) synthesizers voltage controlled oscillator power dividers (VCOs) power dividers/combiners power management devices receivers switches and technical ceramics. The Company’s products include Front-end Modules and Amplifiers Wireless Infrastructure Power Management Precision Analog Components WiFi Connectivity and Smart Energy.

Leave a Reply

Skyworks Solutions Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Skyworks Solutions Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.